StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a report published on Saturday. The firm issued a sell rating on the stock.
Reed’s Price Performance
REED stock opened at $1.30 on Friday. Reed’s has a 1 year low of $1.21 and a 1 year high of $3.75. The firm has a market capitalization of $5.42 million, a PE ratio of -0.25 and a beta of 1.14. The business has a 50 day simple moving average of $1.67 and a 200-day simple moving average of $1.98.
Reed’s (NYSE:REED – Get Free Report) last issued its earnings results on Thursday, March 28th. The company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.94). The business had revenue of $11.69 million during the quarter, compared to analyst estimates of $14.08 million. On average, equities research analysts expect that Reed’s will post -1.06 EPS for the current year.
About Reed’s
Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.
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